Index: Economy / Subcategory: Individual / Measure: Median Family Income

Median Family Income - Charts

What this chart shows: Increase in Median Family Income for 1990, 2000, & 2010 - United States, Colorado & Larimer County

*Rounded to the nearest 100

Data Source: United States Census Bureau, United States Department of Housing and Urban Development (HUD)

See data table

What these data tell us:

In 1990, 2000, and 2010, Larimer County's Median Family Income (MFI) was greater than both the United States and Colorado. Between 1990 and 2000, Larimer County's MFI increased 60% and then increased an additional 27% between 2000 and 2010.

Calculators are available online to compare the cost of living among different communities. To illustrate, the 2010 Median Family Income in the Fort Collins/Loveland Metropolitan Statistical Area was $74,900. In Denver, a family would need $83,141 (11% more) to maintain the same standard of living.

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What this chart shows: Median Family Income in Larimer County Cities & Towns, 1990 & 2000 Census

*Rounded to the nearest 100

Data Source: United States Census Bureau

See data table

What these data tell us:

Median Family Income (MFI) increased in the United States, Colorado and Larimer County between the 1990 and 2000 Census. In Larimer County cities and towns, there were some dramatic increases during that time. The Timnath-Wellington area (87%) and the town of Livermore (101%) had the largest increases in the County.

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What this chart shows: Median Family Income in Larimer County, 2002 - 2011

*HUD collects data for the Fort Collins/Loveland Metropolitan Statistical Area (MSA), which is used to represent Larimer County MFI in this chart.

Data Source: United States Department of Housing and Urban Development (HUD)

See data table

What these data tell us:

Larimer County Median Family Income increased by 26.2% in the period between 2002 and 2011. This was higher than Colorado's 18.9% growth and the nation's 18.0% growth for the same period.

In 2007, Median Family Income (MFI) estimates were calculated differently from previous years. This was the first time that data gathered from the 2005 U.S. Census, American Community Survey (ACS) was used. The 2005 ACS covered more communities nationwide than previous ACS surveys. The 2007 estimate update factors differ from previous years' update factors in two ways:

Comparisons among 2007 and previous years are not valid as indicators of changes in local median family income because of the differences in the underlying surveys. The recent decreases in MFI are not due to the change in methodology, however. The decreases may be a result of the loss of manufacturing jobs in the area within the last several years. From 2004 to 2008, manufacturing employment decreased by 18%, the largest decrease of all of the industrial sectors. The Manufacturing sector is one of the highest paying sectors that employ vocational labor, at an annual average salary of $67,912 in 2009. See Employment and Average Wages by Industry for more information about employment and wages in Larimer County. For more information on the methodology used to calculate the estimates, see HUD's Median Family Income Notice [pdf].

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Data Tables:

Median Family Income - United States, Colorado and Larimer County

United States

Colorado

Larimer

1990

$35,200

$35,900

$36,900

2000

$50,000

$55,900

$58,900

2010

$64,400

$71,000

$74,900

% Increase
1990 to 2000

42%

56%

60%

% Increase
2000 to 2010

29%

27%

27%

See chart

Median Family Income - Larimer County Cities & Towns

Berthoud

Estes Park

Fort Collins

Livermore

Loveland

Timnath-
Wellington

1990

$42,400

$38,500

$37,200

$29,500

$36,100

$33,400

2000

$67,300

$60,200

$58,500

$59,300

$57,300

$62,600

% increase

59%

56%

57%

101%

59%

87%

See chart

Median Family Income - United States, Colorado, & Larimer County

United States

Colorado

Larimer County

2002

$54,400

$61,500

$60,800

2003

$56,500

$62,200

$64,800

2004

$57,500

$63,500

$66,500

2005

$58,000

$65,400

$69,200

2006

$59,600

$65,400

$68,600

2007

$59,000

$66,000

$68,200

2008

$61,500

$67,900

$75,000

2009

$64,000

$71,000

$75.200

2010

$64,600

$71,000

$74,900

2011

$64,200

$73,100

$76,700

See chart